Why is Gagan Gases falling/rising?

As of 15-Jul, Gagan Gases Ltd is experiencing a significant rise in its stock price, currently at Rs 28.38, reflecting an increase of 4.73 or 20.0%. The stock has shown strong performance today, outperforming its sector by 18.63% and gaining 29% over the last two days. It is also close to its 52-week high, being just 0.74% away from Rs 28.59. Over the past week, the stock has risen by 25.35%, and it has consistently outperformed the benchmark Sensex across various time frames, including a 29.89% return over the last year. The company has reported positive results for the last three consecutive quarters, with record highs in PBDIT, PAT, and EPS, contributing to investor confidence and driving the stock's upward movement.
In the broader market context, while Gagan Gases has shown remarkable short-term returns, the Sensex has declined by 1.36% over the past week. This stark contrast highlights the stock's strong performance relative to the market. Despite the positive momentum, there are concerns regarding the company's long-term fundamental strength, with a weak CAGR growth in operating profits and a low EBIT to Interest ratio. Additionally, while the stock has generated impressive returns, its valuation appears expensive compared to its peers, which may raise caution among some investors. Nonetheless, the rising investor participation and liquidity suggest a robust interest in the stock, supporting its current upward trajectory.